S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Australia’s 10-year government bond yield traded above 4.9%, remaining near multi-week highs as the Reserve Bank’s latest comments reinforced a hawkish policy stance. RBA Assistant Governor Christopher Kent said earlier rate increases were working as intended, with tighter monetary conditions weighing on consumer spending and broader economic activity. He noted that housing credit growth had slowed, with a noticeable decline in new home lending, and financial conditions overall remained somewhat restrictive. The central bank kept its cash rate at 4.35% this week after raising it by 75 basis points since February. However, Governor Michele Bullock said policymakers remained concerned that inflation may not cool as hoped and were prepared to raise rates again if needed. Markets priced around a 54% chance of a hike to 4.60% by December, likely marking the end of the tightening cycle. Attention now turns to Governor Michele Bullock, who is due to testify before parliament on Friday.
